Senior managers of Spanish satellite ground systems supplier GMV have acquired the non-commercial side of its US operations to better compete for government contracts.
The US government part of the business is being spun out to form a new company called…
Senior managers of Spanish satellite ground systems supplier GMV have acquired the non-commercial side of its US operations to better compete for government contracts.
The US government part of the business is being spun out to form a new company called MetiSpaceTechnologies, whose CEO Theresa Beech, former head of the wider US operations, is now its majority owner.
Financial details were not disclosed.
Classified as a woman-owned small business that is no longer under Spanish ownership, the company expects to be in a better position to compete for deals in the government market, which range from tracking and data relay satellites to geostationary operational environmental spacecraft.
GMV, a private group that claims to be the largest supplier of commercial satellite ground stations in the world, created its wholly-owned US subsidiary back in 2004.
Beech said: “GMV has been a tremendous technology company to have worked with. It is an honour and a privilege to continue on the path that GMV empowered our team to start on nearly a decade ago.
“We are very excited by the new directions and opportunities that this transaction opens up for us.”
MetiSpace plans to leverage on an exclusive agreement to be the reseller of GMV’s products for satellite ground control and mission planning in the US institutional aerospace market, where it aims to build on a legacy of more than 40 missions.
